Seoul Viosys Co., Ltd. · KRX:092190

Seoul Viosys — Q4 2021 Earnings Presentation

15 slides from Seoul Viosys's earnings presentation, Feb 8, 2022

  1. Slide 1: 2021 4Q Financial Results

    2021 4Q Financial Results EARNINGS RELEASE 2021/ 4Q 2022 Feb 8th Pls download our IR materials from the below page. 1) IR Book : (http://www.seoulviosys.com/kr/ir/data/) 2) Financial Statement : (http://dart.fss.or.kr) search code (092190) Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  2. Slide 2: Disclaimer

    Disclaimer This presentation material may contain forward-looking statements, as defined in the safe harbor provisions of KOSDAQ Disclosure Regulation. These forward-looking statements reflect Seoul Semiconductor’s current views with respect to future events and financial performance, and are subjec

  3. Slide 3: Table of Contents

    Table of Contents I. 2021 4Q Financial Results II. 2022 1Q Guidance III. Appendix 1) WICOP related patent Injunction against 13 brands 2) Condensed Financial Statement Copyright ⓒ Seoul Viosys Co., Ltd. 3 www.seoulviosys.com

  4. Slide 4: 2021 4Q Financial Results

    Ⅰ 2021 4Q Financial Results Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  5. Slide 5: 2021 Earnings: Yearly Sales and OPM

    I. 2021 Earnings _ 1) Yearly Sales and OPM One-Off costs related to next generation LED products including Micro/Mini LED, lead to 4Q 10.7bn operating income loss Sales Unit: krw bn, % Profit Unit: % UV OPM WICOP EBITDA margin Others YoY + 13.3% YoY -1.7% ppt 19.9% 488.7 431.3 16.6% 6.3% 4.6% 2020 2

  6. Slide 6: 2021 Earnings: 4Q R&D investment & Expense

    I. 2021 Earnings _ 2) 4Q R&D investment & Expense Temporary spike in 2nd generation products costs raised R&D investment and SG&A levels R&D investments unit: krw bn, % Expense unit: krw bn, % % of R&D Investments to Sales SG&A R&D Investments Depreciation % of SG&A to Sales 15.5% 9.6% 8.8% 12.0% 11

  7. Slide 7: 2021 Earnings: Utilization and CAPEX

    I. 2021 Earnings _ 3) Utilization and CAPEX Slow IT demand amid low seasonality and sustained global SCM issue lowered utilization rate Capex downtrend continues since initial investment spike for 2nd generation product (Micro/Mini LED) after 2020 2Q Utilization Rate unit: % CAPEX unit: krw bn, % ut

  8. Slide 8: 2021 Earnings: 4Q Financial Ratios

    I. 2021 Earnings _ 4) 4Q Financial Ratios Still maintaining relatively high safety stock level to cope with global SCM issues Current Ratio % Debt Ratio% 83.2% 196.8% 74.0% 186.3% 187.0% 71.6% 167% 165.9% 58.6% 46.0% Q4 '20 Q1'21 Q2'21 Q3'21 Q4'21 Q4 '20 Q1'21 Q2'21 Q3'21 Q4'21 Net Deb Ratio % Inven

  9. Slide 9: 2022 1Q Guidance

    II 2022 1Q Guidance Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  10. Slide 10: 2022 1Q Guidance: Key Future Growth Momentum

    III. 2022 1Q Guidance _ 1) Key Future Growth Momentum 2nd Generation LED products to spark triggering point of LED industry Application Key Theme Technology • Virus /Air and Surface Disinfection • UV Violeds To continue M/S expansion • 3D printing curing (280nm~405nm) • Next Key Patented Technology

  11. Slide 11: 2022 1Q Guidance: Guidance

    II. 2022 1Q Guidance _ 2) Guidance Cautiously maintain conservative outlook due to low seasonality and global SCM issues 1Q Guidance QoQ YoY flat -13.7% 105bn -21.9% -9.7% 95bn 1121.7bn 105.2bn 2021.4Q 2022.1Q (E) 2021.1Q Copyright ⓒ Seoul Viosys Co., Ltd. 11 www.seoulviosys.com

  12. Slide 12: Appendix

    III APPENDIX 1) WICOP related patent Injunction against 13 brands 2) Condensed Financial Statement Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  13. Slide 13: Appendix: WICOP related patent Injunction against 13 brands

    III. Appendix_ 1) WICOP related patent Injunction against 13 brands Financial Times Wall Street Journal Copyright ⓒ Seoul Viosys Co., Ltd. 13 www.seoulviosys.com

  14. Slide 14: Appendix: Condensed Financial Statement

    III. Appendix_ 2) Condensed Financial Statement (unit: million KRW) 2021 2021.Q4 2021.Q3 2021.Q2 2021.Q1 2020 2020.Q4 2020.Q3 2020.Q2 2020.Q1 2019 [Income Statement] Sales 488,677 105,196 130,551 131,161 121,769 431,282 120,485 120,661 103,235 86,901 350,640 COGS 407,422 99,699 107,192 105,861 94,66

  15. Slide 15: Thank You

    Thank You www. seoulviosys.com Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

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